FPI Investment: The trend of foreign portfolio investors (FPIs) has once again started returning to the Indian stock market. Last week, FPIs have invested more than Rs 7600 crore in the stock market on a net basis. According to the data of the depository, this information has been received. Due to this, during the last week (February 7 to 12), FPIs sold shares worth Rs 3,920 crore.
FPI’s trend towards Indian stock markets increased again
Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said, “The investment flow of FPIs has improved as the market has recovered from Adani’s shock. Their trend towards Indian stock markets has increased again.” Himanshu Srivastava said that amid stable economy, strong macro data and high growth prospects, FPIs are now ready to look beyond valuation and other concerns.
What do financial market experts say?
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that it appears that the continuous selling trend that started in India since the beginning of January has now stopped. “However, FPIs may again sell at higher levels.”
FPIs were net sellers till February 10
According to the data, in the week ending February 17, FPIs bought shares worth Rs 7,666 crore on a net basis. From the beginning of this year till February 10, FPIs were net sellers. During this, he sold shares worth Rs 38,524 crore. This includes the sale of Rs 28,852 crore by him in January. So far this year, FPIs have withdrawn a net Rs 30,858 crore from stocks. At the same time, during this period, he has purely put Rs 5,944 crore in the loan or bond market.
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